Someone donated a CryptoPunk to Ukraine, but it might be lost forever

Russia entered Ukraine 5 days agone and has been actively attacking definite near-border cities of Ukraine. As the penetration continues without deceleration, decease tolls show that much than 136 civilians person been killed, astatine slightest 10 of them being children. The existent concern disturbed galore astir the world, who are present looking for ways to amusement their enactment for Ukraine.

A mates of hours aft the invasion, the Ukrainian authorities announced that they were accepting donations successful Bitcoin, Ethereum, and USDT.

Stand with the radical of Ukraine. Now accepting cryptocurrency donations. Bitcoin, Ethereum and USDT.

BTC – 357a3So9CbsNfBBgFYACGvxxS6tMaDoa1P

ETH and USDT (ERC-20) – 0x165CD37b4C644C2921454429E7F9358d18A45e14

— Ukraine / Україна (@Ukraine) February 26, 2022

Since then, the Ukrainian authorities received much than $22 million worthy of assets, immoderate successful bulk from crypto geniuses similar Gavin Wood. Moreover, this is not the lone transmission wherever crypto users tin enactment Ukraine. Even though Ukraine legalized the usage of Bitcoin earlier the penetration started, the Ukrainian lawman premier curate inactive mentioned that they tin not judge cryptocurrencies arsenic authoritative donations by saying:

“National authorities does not let the Ministry of Defense of Ukraine to usage different outgo systems (“Webmoney,” “Bitcoin,” “PayPal,” etc.).”

Few Ukrainian NGOs emerged aft this connection who cod cryptocurrency donations to assistance the Ukrainian army. In summation to the magnitude collected by the government, these NGOs besides collected much than $4 million.

Contributing to the increasing donations, idiosyncratic transferred a CryptoPunk to the Ethereum donation code of the Ukrainian authorities to amusement their enactment for Ukraine. A fewer hours later, it was determined that it was CryptoPunk #5364 is the 1 that was sent arsenic a donation.

#cryptopunk #5364 is present owned by the authorities of the #Ukraine. pic.twitter.com/6SdIgl2zM2

— Django Bits (@djangobits) March 1, 2022

As generous arsenic it looks, determination is nary telling that it’ll scope its destination. The sent CryptoPunk was held connected a custodial wallet and was sent to a self-custody wallet that belonged to the Ukrainian government. It whitethorn not marque its mode to a self-custody wallet from a centralized exchange.

Even though it’s devastating, Russia’s onslaught connected Ukraine brought a caller level of consciousness to cryptocurrencies. The information that cryptocurrency transactions person go smooth, cheap, and unafraid each played a relation successful the measurement of the collected donation amount. The satellite was capable to unify and mobilize easy and efficaciously to amusement its enactment for Ukraine.